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Wednesday, Dec 24, 2008
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 Money & Banking - Public Sector Banks
Corpn Bank to cut BPLR

Mangalore, Dec. 23

The borrowers and depositors of Corporation Bank will see reduction in interest rates from January 1. The bank has decided to reduce its benchmark prime lending rate by 75 basis points to 12.50 per cent, from 13.25 per cent The bank has also reduced the deposit rates by 25 to 100 basis points across various maturities with effect from January 1, the release added. - Our Bureau

More Stories on : Public Sector Banks | Interest Rates

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Stories in this Section
Derivatives of the destructive kind

Rupee sheds 70 paise
50-DMA to lend support for rupee
IRDA chief calls for more tax breaks to enhance health insurance
Corpn Bank to cut BPLR
Union Bank initiative for MSME sector
Govt issues oil bonds worth Rs 22,000 cr
Bond prices fall on profit booking
Sharp fall in corporate bond spreads
10% additional cover for exporters on the cards
Call rate ends higher
LIC, GIC employees protest tabling of insurance Bill




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